$900,000

16001 Dixie Highway, Holly, MI 48442

  • 9 baths |
  • 2,835 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1950
  • Property Lot Size Icon2.2acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $317/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

This cash flowing multifamily property is located in Holly, Michigan. The property consists of nine efficiency units on approximately 2.20 acres across two parcels with excess land and commercial zoning (buyer to verify). Units are in constant demand due to limited available housing supply in the submarket. In 2025, 7 of the 9 units were renovated. Average rents are approximately $1,085 per unit per month. The asking price reflects both the excess land value and a 7.97% cap rate on in-place financials. Owner pays water, gas, and trash; electric separately metered. Do not disturb tenants. Contact listing broker for financials.

Listing Status:
Active
Date Added:
February 19, 2026
Data Last Updated:
April 2, 2026 at 10:48PM
Listing Office:
OakPointe Real Estate Advisors : 248-972-7040
Listing Agent:
Michael McClafferty : 248-972-7040
MLS ID:
60970821
  • Appliances: Propane Hot Water
  • Heating: Baseboard
  • General: OneSlab
  • Road/Access: Paved
  • Originating MLS: MiRealSource
  • School District: Holly Area School District
  • County: Oakland
  • Zoning: T5NR8ESEC 29 PART OF SE 1/4 BEG AT PT DIST S 990.03 FT & S 88-39-00 W 410.90 FT & S 65-48-00 W 1100.23 FT & N 13-25-25 W 202 FT FROM E 1/4 CORTH N 13-25-25 W 210 FTTH N 76-34-35 E 249.20 FTTH S 13-25-25 E 210 FTTH S 76-34-35 W 249.20 FT T O BEG 1.20 A 5-21-90 FR 019
  • Water: Private Well
  • Sewer: Septic Tank
  • Source: MiRealSource

This listing courtesy of Michael McClafferty , OakPointe Real Estate Advisors

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

D

Davisburg Elementary School

12003 Davisburg Rd, Davisburg, MI, 48350

Grades PK-5

3.95 miles away

K

Karl Richter Campus

920 Baird St, Holly, MI, 48442

Grades PK-12

4.11 miles away

H

Holly High School

6161 E Holly Rd, Holly, MI, 48442

Grades 9-12

2.68 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.